HighTower Advisors LLC Buys 5,178 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

HighTower Advisors LLC grew its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 7.2% in the 4th quarter, HoldingsChannel.com reports. The fund owned 77,466 shares of the transportation company’s stock after acquiring an additional 5,178 shares during the period. HighTower Advisors LLC’s holdings in Expeditors International of Washington were worth $8,581,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Charles Schwab Investment Management Inc. raised its stake in shares of Expeditors International of Washington by 6.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 833,610 shares of the transportation company’s stock valued at $109,536,000 after acquiring an additional 51,265 shares in the last quarter. Franklin Resources Inc. raised its stake in Expeditors International of Washington by 18.9% in the third quarter. Franklin Resources Inc. now owns 193,486 shares of the transportation company’s stock worth $23,623,000 after buying an additional 30,785 shares in the last quarter. Point72 Asset Management L.P. bought a new position in Expeditors International of Washington in the third quarter worth approximately $4,363,000. Pensionfund Sabic bought a new position in Expeditors International of Washington in the fourth quarter worth approximately $1,329,000. Finally, Drystone LLC bought a new position in Expeditors International of Washington in the fourth quarter worth approximately $5,925,000. Institutional investors own 94.02% of the company’s stock.

Insider Activity

In other news, VP Jeffrey F. Dickerman sold 1,250 shares of the business’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $117.54, for a total transaction of $146,925.00. Following the sale, the vice president now directly owns 7,296 shares of the company’s stock, valued at $857,571.84. The trade was a 14.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.69% of the company’s stock.

Expeditors International of Washington Price Performance

Shares of EXPD opened at $117.01 on Tuesday. The firm has a market capitalization of $16.15 billion, a PE ratio of 20.46, a price-to-earnings-growth ratio of 5.00 and a beta of 1.00. Expeditors International of Washington, Inc. has a 1-year low of $108.36 and a 1-year high of $131.59. The company’s fifty day moving average price is $114.57 and its 200-day moving average price is $118.13.

Wall Street Analyst Weigh In

A number of brokerages recently commented on EXPD. StockNews.com downgraded shares of Expeditors International of Washington from a “buy” rating to a “hold” rating in a research note on Sunday, February 16th. Truist Financial began coverage on shares of Expeditors International of Washington in a research note on Thursday, March 13th. They issued a “hold” rating and a $110.00 price objective for the company. UBS Group reduced their price objective on shares of Expeditors International of Washington from $130.00 to $128.00 and set a “neutral” rating for the company in a research note on Wednesday, February 19th. Susquehanna boosted their price objective on shares of Expeditors International of Washington from $115.00 to $120.00 and gave the stock a “neutral” rating in a research note on Monday, March 3rd. Finally, JPMorgan Chase & Co. reduced their price target on Expeditors International of Washington from $114.00 to $108.00 and set an “underweight” rating on the stock in a research report on Wednesday, February 19th. Four research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company’s stock. According to MarketBeat.com, Expeditors International of Washington has a consensus rating of “Hold” and an average price target of $115.90.

Expeditors International of Washington Company Profile

Expeditors International of Washington, Inc, together with its subsidiaries, provides logistics services worldwide. The company offers airfreight services, such as air freight consolidation and forwarding; ocean freight and ocean services, including ocean freight consolidation, direct ocean forwarding, and order management; customs brokerage, import, intra-continental ground transportation and delivery, and warehousing and distribution services; and customs clearance, purchase order management, vendor consolidation, time-definite transportation services, temperature-controlled transit, cargo insurance, specialized cargo monitoring and tracking, and other supply chain solutions.